Norwegian bank should retain bulk of their net profit

April 22, 2015 8:28 AM

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OSLO, April 22 (Reuters) - Norwegian banks should retain the bulk of their profits as a high debt level combined with rising house prices remains a concern, the country's financial regulator said on Wednesday.

"Developments in the housing and credit markets have increased the risk of financial instability. This underscores how important it is for banks to continue to improve their financial position by retaining the bulk of their net profit, chief of Norway's Financial Supervisory Authority, Morten Baltze...